CNN reported on March 30 that Goldman Sachs says that up to 300 million full-time jobs around the world could be affected by artificial intelligence (AI).
The new wave of AI that has spawned platforms like ChatGPT reportedly could lead to jobs being automated in some way.
In their report, Goldman Sachs economists reportedly predicted 18% of work globally could be computerized. Economists at the investment bank believe the effects would be felt more deeply in advanced economies than emerging markets, with white-collar workers more at risk than manual laborers.
The report reportedly also showed that the most affected jobs would be administrative workers and lawyers. Less affected jobs are expected to be in physically demanding or outdoor occupations, such as construction and repair work.
However, the report noted that technological innovation that initially displaces workers has historically also created employment growth over the long haul.
Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The Goldman Sachs Group, Inc. U.S.
